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EGADE Business School scholars announce exciting new title
Harnessing Consumer Emotions for Successful Marketing Strategy
By
IGI Global
on
Jun 23, 2015
From
EGADE Business School NEWS
| Mexico City
The book
Understanding Consumer Behavior and Consumption Experience
, co-authored by
Dr. Rajagopal
, marketing research professor at EGADE Business School, and
Dr. Raquel Castaño
, research professor and director of EGADE Business School Monterrey, proposes aligning business marketing strategies and the consumer experience with special emphasis on emotional and non-conscious aspects.
Discussing consumer perception, behavior in the virtual market, consumer relationships with products and brands, ethnic identity and cross-cultural variations, as well as consumer happiness and well-being, the authors offer a practical guide for decision making based on the most relevant contemporary research.
A consumer-oriented approach is crucial to company survival in today’s competitive environment. With family spending power at a standstill and an increasingly fragmented market (with a variety of products and services, ways to purchase, sales channels, and means of communication, etc.), businesses need to understand the consumer experience and align their marketing strategies accordingly. Virtual shopping and enhanced reality are just two phenomena that make up the intricate mosaic in which the consumer moves today; he is more informed, analytical, experimental and, above all, emotional in his purchasing.
Understanding consumer emotions
The foreword by Dr. María de Lourdes Dieck Assad, Dean of EGADE Business School, states that in the age of virtual shopping and enhanced reality, consumer satisfaction continues to be driven by factors such as “trust, emotions, psychodynamics, and self-reference criteria that are often complex and characterized by high volatility.”
This is why, even if businesses accept the significant role that positive and negative emotions have on consumer decisions, the authors demand a better understanding of the complexity of these emotions so as to design a marketing strategy that gets the desired response from consumers and increases satisfaction and loyalty. The authors delve into the different aspects of consumer behavior that affect emotions, such as persuasion, word-of-mouth, the non-conscious, well-being and happiness, vulnerability, multiculturalism, social networking sites, etc.
Business leaders meticulously analyze these factors to develop reactive marketing strategy and gain tactical advantage. In hard-hitting economic times, many businesses adopt a customer-centric approach to retain existing customers, rather than investing in acquiring new ones. In this case, the authors emphasize the experience of multinationals in emerging countries, focused on cost-innovation capabilities and mass-market prices.
For consumer-oriented strategies to be successful, the authors recommend that companies should empower consumers, educate them about the attributes of the competition to enable the right decision making, offer an integrated experience on buying and consumption, and definitely improve their ability to purchase intelligently. In view of the in-depth analytical insights on consumer behavior and consumption experiences discussed by the authors, this book is a welcome addition to the existing literature.
Understanding Consumer Behavior and Consumption Experience
discusses the indispensible value of understanding consumer activities and the crucial role they play in developing successful marketing strategies. Focusing on concepts such as consumer perceptions, consumption culture, and the influence of information technology, this book is a pivotal reference source for business managers, marketing executives, and graduate students interested in the relationship between consumer culture and businesses. Part of the
Advances in Marketing, Customer Relationship Management, and E-Services (AMCRMES)
book series, this collection addresses success factors for customer relationship management, marketing, and electronic services and its performance outcomes. This collection of reference source covers aspects of consumer behavior and marketing business strategies aiming towards researchers, scholars, and practitioners in the fields of marketing management.
Use this link for other
titles on consumer behavior and marketing
.
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